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Coreweavethe $19 billion cloud computing company that provides businesses with AI computing resources, has formally opened its first two data centers in the United Kingdom — its first outside of its home market of the United States.
CoreWeave opened its European headquarters in London last Mayshortly after hitting a valuation of $19 billion from the back of a $1.1. billion fundraise. At the same time, the company announced plans to open two data centers as part of a £1 billion ($1.25 billion) investment in the U.K. Today’s news coincides with a separate announcement by the British government which details a five-year investment plan to boost the government’s AI computing capacity, as well as geographic “AI Growth Zones” that include AI infrastructure from the private sector.
“This investment is a huge vote of confidence in the UK’s digital technology sector, and it’s exactly the kind we want to see as we grow the economy and use AI to drive efficiency.” Rachel ReevesChancellor of the Exchequer of the United Kingdom, said in a statement.
CoreWeave’s first UK data center went quietly up and running in Crawley in October, the company said, with the second hub going live in December in London Docklands. Both places use it GPU Hopper by Nvidia (graphics processing unit), based on its updated H200 series of chips designed for high performance computing (HPC) and AI workloads.
Founded in 2017, CoreWeave started with a focus on crypto mining, but with the increasing demand for AI computing – that is, the processing power and infrastructure needed to perform computational tasks such as the execution of algorithms and the execution of machine learning models – the company. ported this GPU infrastructure for such workloads.
CoreWeave is one of a number of cloud infrastructure startups looking to capitalize on the wave of AI hype, including domestic European players such as France’s FlexAI; DataCrunch, that is based out of Finland; and Nebius, based in the Netherlands, which emerged from the ashes of the Russian internet giant Yandex.
CoreWeave said it had opened 28 data centers by the end of 2024, which includes the two new ones officially announced today. Separately, it also plans 10 new data centers by 2025, three of which will be in Europe, including three previously announced locations in Norway, Sweden and Spain.